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Child Abuse Mandated Reporter_ School Personnel Training_ Training Assessment

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Child Abuse Mandated Reporter_ School Personnel Training_ Training Assessment

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  • June 3, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
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modockochieng06
Foundations of Business VT Exam 1
acquisition - ANS-is the purchase of one company by another with no new company
being formed

Balance of trade - ANS--imports
-exports
-trade deficit (when imports exceed exports)

Blocking Roles - ANS-Anything that Inhibits team functionality
-stall
-delay

Capitalism - ANS--Right to own private property -Right to own a business
-Right to competition
-Freedom of choice

Conflict of interest - ANS-occur when individuals must choose between taking actions
that promote their personal interests over the interests of others or taking actions that
don't.

Conflict of loyalty - ANS-"You may one day find yourself in a bind between being loyal
either to your employer or to a friend or family member."
-if you know your best friend is about to be fired and you know they're struggling
financially you can't tell your friend to start looking elsewhere

Consumer Price Index (CPI) - ANS-keeping an eye on inflation

Cooperative - ANS-a business
owned and controlled by those who use its services.

corporations - ANS--C-corp: taxed at a corporate tax level (150+ employees)
-S-corps(fewer than 150)

Crossfunctional - ANS-teams that, as the name suggests, cut across an organization's
functional areas (operations, marketing, finance, and so on)

Demand and Demand Curve - ANS--Prices rise -- people buy less
-Prices fall -- people buy more

, dumping - ANS-the practice of selling exported goods below the price that producers
would normally charge in their home markets (and often below the cost of producing the
goods)

Ethical Dimmas - ANS-ethical issues we face as individuals

Ethical issues - ANS-ethics concerned with society (i.e. environment)

fiscal policy - ANS-relies on the government's powers of spending and taxation

Fiscal Policy - ANS-The federal government's efforts to keep the economy stable by
increasing or decreasing taxes or government spending.

Functional areas of team organization - ANS-◦ Accounting
◦ Finance
◦ IT
◦ Management
◦ Marketing
◦ Operations

GDP and Recession - ANS-if down for two consecutive quarters, economy considered
to be in state of recession

Gross Domestic Product (GDP) - ANS-all goods produced domestically

hostile takeover - ANS-when a company is purchased even though the company's
management and board of directors do not want to be acquired

Implications of whistleblowing - ANS--May stop wrongdoing at the company
-Maybe blackballed
-Maybe treated poorly

Insider Trading - ANS-acting on information that is not available to the general public,
either by trading on it or providing it to others who trade on it.

Key Characteristics of a team - ANS--Working towards a common goal
-All function interdependently
-Stability
-Operating in a different context

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